ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Down to $31.41

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $31.41, but opened at $30.54. ChipMOS TECHNOLOGIES shares last traded at $30.35, with a volume of 3,248 shares.

ChipMOS TECHNOLOGIES Price Performance

The stock has a market cap of $1.14 billion, a PE ratio of 18.92 and a beta of 0.91. The company has a current ratio of 3.20, a quick ratio of 2.77 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $28.73 and its 200-day moving average is $26.43.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $187.00 million for the quarter, compared to the consensus estimate of $175.31 million. ChipMOS TECHNOLOGIES had a net margin of 8.85% and a return on equity of 7.66%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG acquired a new position in shares of ChipMOS TECHNOLOGIES in the 1st quarter valued at about $27,000. Russell Investments Group Ltd. acquired a new position in shares of ChipMOS TECHNOLOGIES in the 2nd quarter valued at about $57,000. Lindbrook Capital LLC boosted its holdings in shares of ChipMOS TECHNOLOGIES by 28.8% in the 3rd quarter. Lindbrook Capital LLC now owns 3,157 shares of the semiconductor company’s stock valued at $73,000 after buying an additional 705 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of ChipMOS TECHNOLOGIES by 36.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,250 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 865 shares during the period. Finally, Blue Trust Inc. acquired a new position in shares of ChipMOS TECHNOLOGIES in the 4th quarter valued at about $94,000. 7.39% of the stock is owned by institutional investors and hedge funds.

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.